For stocks, Probability Of Bankruptcy is normalized value of Z-Score. For funds and ETFs it is derived from a multi-factor model developed by Macroaxis.The score is used to predict probability of a firm or a fund going into bankruptcy or experiencing financial distress within next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100 indicating the actual probability the firm will be distressed in the next 2 fiscal years.
Simplex
Probability Of Bankruptcy
=
Normalized
Z-Score
=
30.86 %
Companies or funds with Probability Of Bankruptcy above 90% are generally considered to be high risk with a good chance of bankruptcy in the next 2 years. On the other hand entities with Probability Of Bankruptcy of less than 15% will most likely experience some growth in the next 2 years. Probability Of Bankruptcy is based on Macroaxis own algorithm and can be used by auditors, accountants, money managers, financial advisers, as well as day traders to evaluate unsystematic risk of a stock, fund or ETF.
Based on latest financial disclosure Simplex Projects Ltd has Probability Of Bankruptcy of 30.86%. This indicator is about the same for Industrial Goods average (which is currently at 31.48) sector, and about the same as General Contractors (which currently averages 31.29) industry, The Probability Of Bankruptcy for all stocks is 10.89% higher than the company.
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